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Old 22nd Mar 2023, 11:31
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downsizer
 
Join Date: May 2006
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Pension/Wage vs Tax

Hello, one for those who have left in recent terms....

What is the best way to allocate ones tax free allowance against the service pension and my new civvy wage?

I've heard some people say put it against the SP as I will get that till death, but others say put it against the civvy wage?

Is there an advantage or reason to do one or the other, and how do I tell HMRC which to put the allowance against?

Thanks
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